HyreCar Inc. operates a Web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. The company has a strategic partnership with PassTime to deliver dealer-focused vehicle tracking and inventory management solution. HyreCar Inc. was founded in 2014 and is headquartered in Los Angeles, California.

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HyreCar (NASDAQ:HYRE) Frequently Asked Questions

What is HyreCar's stock symbol?

HyreCar trades on the NASDAQ under the ticker symbol "HYRE."

How were HyreCar's earnings last quarter?

HyreCar Inc (NASDAQ:HYRE) announced its earnings results on Monday, August, 13th. The company reported ($0.92) earnings per share for the quarter. The firm earned $2.27 million during the quarter. HyreCar had a negative net margin of 61.94% and a negative return on equity of 96.78%. View HyreCar's Earnings History.

When is HyreCar's next earnings date?

What price target have analysts set for HYRE?

5 brokerages have issued twelve-month target prices for HyreCar's shares. Their forecasts range from $4.00 to $10.00. On average, they expect HyreCar's share price to reach $7.85 in the next twelve months. This suggests a possible upside of 167.9% from the stock's current price. View Analyst Price Targets for HyreCar.

What is the consensus analysts' recommendation for HyreCar?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HyreCar in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for HyreCar.

What are Wall Street analysts saying about HyreCar stock?

Here are some recent quotes from research analysts about HyreCar stock:

1. According to Zacks Investment Research, "HyreCar Inc. operates as a platform as a service company. It offers a car-sharing platform which allows car owners to rent their idle cars to ride-sharing service drivers. HyreCar Inc. is based in Los Angeles, United States. " (8/22/2019)

2. Maxim Group analysts commented, "Ahead of 2Q19 results to be reported on Wednesday, August 14, we are slightly shifting revenue from our prior 2Q19 estimate, into 4Q19, but maintain our FY19 forecast for robust revenue growth (+67%) and improving EBITDA. With operating leverage from higher revenue along with more profitable insurance offerings, we anticipate 2Q19 gross margin expanding to 59.5% (vs. prior estimate of 60.6%), from 47.4% in 2Q18. We project over 80% revenue growth in 2019 and 58% average revenue growth over the next three years as the company is well-positioned to generate hyper- growth in the car-sharing marketplace. Maintain Buy rating and $10 price target." (8/9/2019)

3. Northland Securities analysts commented, "We come away from the call with a better understanding of the dealer side of HYRE’s business, market trends and the value-add for a dealer to be on the HyreCar platform. Brian Allan has 39 years of dealer experience and a lot of insight into dealers businesses and his slides were very helpful in understanding the trends affecting dealers. Key Points HYRE is basically bringing technology enablement to dealers so they can participate in this ride sharing marketplace and sell and service more cars and customers. Remember a dealer can sign up for HyreCar for free and start generating revenue right away. As Brian noted the dealer already has the inventory, parts and service, and people." (5/21/2019)

Has HyreCar been receiving favorable news coverage?

News coverage about HYRE stock has been trending somewhat positive recently, according to InfoTrie. The research group rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. HyreCar earned a media sentiment score of 0.9 on InfoTrie's scale. They also gave media stories about the company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for HyreCar.

When did HyreCar IPO?

(HYRE) raised $12 million in an initial public offering on Wednesday, June 27th 2018. The company issued 2,500,000 shares at $5.00 per share. Network 1 Financial Securities acted as the underwriter for the IPO.

Who are HyreCar's major shareholders?

HyreCar's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Allianz Asset Management GmbH (3.18%), Vanguard Group Inc. (2.74%), BlackRock Inc. (1.64%), Balter Liquid Alternatives LLC (1.16%), Susquehanna International Group LLP (0.18%) and Jane Street Group LLC (0.10%). Company insiders that own HyreCar stock include Anshu Bansal, Joseph Furnari, Michael Furnari and Robert Scott Brogi. View Institutional Ownership Trends for HyreCar.

Which major investors are selling HyreCar stock?

Which major investors are buying HyreCar stock?

HYRE stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Allianz Asset Management GmbH, Susquehanna International Group LLP, Balter Liquid Alternatives LLC and Northern Trust Corp. Company insiders that have bought HyreCar stock in the last two years include Joseph Furnari, Michael Furnari and Robert Scott Brogi. View Insider Buying and Selling for HyreCar.

How do I buy shares of HyreCar?

Shares of HYRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is HyreCar's stock price today?

One share of HYRE stock can currently be purchased for approximately $2.93.

How big of a company is HyreCar?

HyreCar has a market capitalization of $47.93 million and generates $9.78 million in revenue each year. The company earns $-11,240,000.00 in net income (profit) each year or ($1.31) on an earnings per share basis. HyreCar employs 87 workers across the globe.View Additional Information About HyreCar.

MarketBeat Community Rating for HyreCar (NASDAQ HYRE)

MarketBeat's community ratings are surveys of what our community members think about HyreCar and other stocks. Vote "Outperform" if you believe HYRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HYRE will underperform the S&P 500 over the long term. You may vote once every thirty days.